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Arts, Culture & Humanities · 2023 Form 990

Solomon R Guggenheim Foundation: $82.6M Revenue, $83.0M Expenses

New York, New York · EIN 135562233 · Filing year 2023

Solomon R Guggenheim Foundation reported $82.6M in total revenue, $83.0M in total expenses, and $220.9M in total assets on its 2023 IRS Form 990. Total compensation for current officers and key employees was $3.5M (4.22% of revenue). NonprofitTruth efficiency grade: C (60/100).

Source: ProPublica Nonprofit Explorer — IRS Form 990 filings, filing year 2023.

Reviewed by NonprofitTruth Editorial Team · Updated
C
Efficiency Score
60/100

Key Facts (2023 Form 990)

Total Revenue
$82.6M
Total Expenses
$83.0M
Total Assets
$220.9M
Reserve Months
31.9 months
Surplus / (Deficit)
$-428,481
EIN
135562233
Latest 990 Year
2023
Current-Officer Compensation
$3.5M
Officer Comp % of Revenue
4.22%

Solomon R Guggenheim Foundation earns a C on the efficiency rubric — the median bucket on the NonprofitTruth scale, indicating performance close to the national midpoint across financial reserves, officer compensation, and revenue consistency. Composite score: 60/100.

Solomon R Guggenheim Foundation reported $82.6M in 2023 revenue — a mid-sized nonprofit by U.S. standards. Organizations in this bracket typically operate with a small permanent staff, project-based program structures, and modest reserves. Solomon R Guggenheim Foundation holds a moderate reserve position relative to its $83.0M in annual expenses — neither fragile nor a large surplus.

Five-year revenue is essentially flat — Solomon R Guggenheim Foundation's funding base appears stable but not growing. For mature organizations this is often the steady state; for younger ones it can signal a funding plateau worth diagnosing. Officer compensation is on the higher side of the band typical for nonprofits this size: $3.5M in total current-officer compensation against $82.6M in revenue. Not necessarily inappropriate — large healthcare systems and university systems often pay competitively with for-profit equivalents — but worth reading in context. Solomon R Guggenheim Foundation sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.


$82.6M
Revenue
$83.0M
Expenses
$220.9M
Total Assets
$3.5M
Officer Compensation

How Solomon R Guggenheim Foundation Compares

Solomon R Guggenheim Foundation earns a NonprofitTruth efficiency grade of C (60/100). That is 4 points above the Arts, Culture & Humanities category average. Compensation for current officers and key employees represents 4.22% of total revenue. The organization holds 31.9 months of operating reserves, indicating strong financial cushion.

Financials

990 Financial Snapshot

$83.0M
Total Expenses
Filing year 2023
$3.5M
Officer Compensation
4.22% of revenue
31.9 mo
Reserve Months
of expenses in assets

Based on IRS tax-exempt organization data, Solomon R Guggenheim Foundation reported $82.6M in revenue against $83.0M in total functional expenses for filing year 2023, holding roughly 31.9 months of operating reserves. A program-vs-overhead split is not shown here because total program service expenses (Form 990 Part IX, line 25, column B) are not available in the ProPublica Nonprofit Explorer feed this site ingests; that breakdown can be read directly from the organization’s e-filed 990.

The 990 reports $3.5M in total compensation for current officers, directors, trustees, and key employees (Part IX, line 5) — 4.22% of total revenue. This is an aggregate across all listed officers; per-person amounts appear on Schedule J.

Trend

Revenue History

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Solomon R Guggenheim Foundation has a NonprofitTruth Efficiency Score of C (60/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Solomon R Guggenheim Foundation, Donor FAQ

Solomon R Guggenheim Foundation has a NonprofitTruth Efficiency Score of C (60/100), a financial-structure summary based on operating reserves, multi-year revenue consistency, and officer compensation relative to revenue — all drawn from the organization's IRS Form 990.

Solomon R Guggenheim Foundation reports $3.5M in total compensation for current officers, directors, trustees, and key employees (IRS Form 990 Part IX, line 5), representing 4.22% of the organization's $82.6M in annual revenue. This is an aggregate figure for all listed officers, not a single executive's salary; per-person pay is detailed on Schedule J of the 990.

Solomon R Guggenheim Foundation reported $82.6M in annual revenue and $83.0M in total expenses for filing year 2023. The organization holds $220.9M in total assets.

Solomon R Guggenheim Foundation holds approximately 31.9 months of operating reserves (total assets relative to annual expenses) based on its 2023 IRS Form 990, one input into its C efficiency grade.

Solomon R Guggenheim Foundation is a registered 501(c) organization with EIN 135562233, based in New York, New York. Financial data is sourced from publicly available IRS 990 filings via ProPublica Nonprofit Explorer.

Sources: IRS 990 Filings, ProPublica Nonprofit Explorer
Last updated:

Financial data is sourced from IRS Form 990 filings via ProPublica Nonprofit Explorer. The Efficiency Score combines three signals the 990 feed actually reports: financial health / operating reserves (40%), multi-year revenue consistency (35%), and current-officer compensation relative to revenue (25%). It does not include a program-spending ratio, because total program service expenses are not exposed by the ProPublica feed; no program ratio is estimated. Filing data may lag 6-18 months from the tax year.